Question 1 most of the firms spend considerable amounts of

Reference no: EM13357419 , Length: 6 Pages

Question 1: "Most of the firms spend considerable amounts of money on advertisement". Explain advertising elasticity of demand and its practical applications in this context.

Explanation of advertising elasticity of demand
Explanation of practical applications

Question 2: Explain production function in detail. Explanation of production function

Types
Uses

Question 3: Explain Marris' Growth Maximisation Model in detail.

Explanation of the model

Constraints
Demerits

Question 4: Explain Price -output determination under monopoly.

Explanation
Assumptions

Question 5: "Investment is the second important component of effective demand". Explain investment function.

Explanation
Types
Determinants

Question 6: Write short notes on:

a) Monetary Policy

b) Physical policy or direct controls

c) Parameters and objectives

d) Instruments and disadvantages

Reference no: EM13357419

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